Mack’s Mid-Morning ES Chart 03-31-2026

Prices are rallying mildly this morning, but with things so oversold, that is not a complete surprise. The key will be if the rally can continue. My guess is this is just a pause before prices turn lower again, but we will have to wait for more price action to form to be certain. There is a break of the current trend channel that is working upwards this morning, so this rally may already be signaling that it is losing steam.

There is an overhead gap on the chart, and if prices attempt to fill that gap, that target is down at 6383.25. Note that a measured move to the upside gives us a possible upward target of 6530.00. Should prices fail to reach that measured target or get rather close to it, you should expect prices to probably turn down and attempt to fill the gap at a minimum. No matter how this day plays out, expect mixed trading at times.

For now, the trend is very mildly up, but that could be changing as I am writing this up, so just stay flexible and wait on the price action to show you what it wants to do and then try and follow along with it.